[lbo-talk] taxation on labour or capital?

[Doug Henwood]

On May 9, 2008, at 12:33 AM, Bill Bartlett wrote:
> So you concede that the logic does hold, to the extent that wages are
> reduced by competition to the minimum necessary cost of
> (re)production of labour?

That "necessary cost" is rather plastic. In the U.S. and Australia,  
it includes pretty good food and housing, not bugs and mud huts.

Doug